New York (N.Y.) -- Social life and customs -- Fiction; Wall Street (New York, N.Y.) -- Fiction
Now that very evening Bob Lindheim’s extremely handsome wife wanted a
necklace, and wanted it at once; also she wanted it of filbert-sized
diamonds. She had heard her husband speak highly of Sam Sharpe’s
masterly manipulation of Turpentine, and she knew he was “in on the
ground floor.” She read the newspapers, and she always followed the
stock market diligently, for Bob, being young and loving, used to give
her a share in his stock deals from time to time, and she learned to
figure for herself her “paper” or theoretical profits, when there were
any, so that Bob couldn’t have “welched” if he had wished. On this
particular evening she had statistics ready for him, showing how much
money he had made; and she wanted that necklace. She had longed for it
for months. It cost only $17,000. But there was also a lovely bracelet,
diamonds and rubies, and——
Lindheim, to his everlasting credit, remonstrated and told her: “Wait
until the pool realizes, sweetheart. I don’t know at what price that
will be, for Sharpe says nothing. But I know we’ll all make something
handsome, and so will you. I’ll give you 500 shares at 30. There!”
“But I want it now!” she protested, pouting. She was certainly
beautiful, and when she pouted, with her rich, red lips——
“Wait a week, dear,” he urged nevertheless.
“Lend me the money now, and I’ll pay it back to you when you give me
what I make on the deal,” she said, with fine finality. And seeing
hesitation in Bob’s face, she added, solemnly: “Honest, I will, Bob.
I’ll pay you back every cent, this time.”
“I’ll think about it,” said Bob. He always said it when he had
capitulated, and she knew it, and so she said, magnanimously: “Very
well, dear.”
Lindheim thought 1,000 shares would do it, so he decided to sell a
thousand the next day, for you can never tell what may happen, and
accidents seldom help the bulls. But as he thought of it in his office
more calmly, more deliberately, away from his wife and from the
influence she exercised over him, it struck him forcibly that it was
wrong to sell 1,000 shares of Turpentine stock. He might as well as not
make it 2,500; and he did. He was really a modest fellow, and very
young. His wife’s cousin sold the stock for him, apparently short.
Total breach of faith, 17,500 shares. The market stood it well. Sharpe
was certainly a wonderful chap.
Unfortunately, Morris Steinfelder, Jr., decided to sell 1,500 “Turp,”
and did so. The stock actually rose a half point on his sales. So he
sold another 1,500, and, as a sort of parting shot, 500 shares more. All
this through an unsuspected broker.
Total breach of faith, 21,000 shares. The market was but slightly
affected.
Then Louis Reis of Reis & Stern, “Andy” Fischel of Kohn, Fischel & Co.,
Hugo Zeman of Zeman Bros., and “Joe” Shaffran of Rosenthal, Shaffran &
Co., all thought they could break their pledges to Sharpe with impunity,
and each sold, to be on the safe side. This last lump figured up as
follows:
Public-domain text, read in full here on John Shaqi.
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